When we said yesterday that the Wall Street protests seem to have trickled down to “mostly people hanging out,” we assumed that the #OccupyWallStreet project, in part instituted by the Internet group Anonymous, was over.
We were wrong. Read More
Yesterday we reported on the #OccupyWallStreet protests that began on Saturday and continued over into Monday morning’s banker commute. But if groups like Anonymous were hoping to delay financiers on their way to work, the broken water pipes on the A/C/E line probably did a better job. Read More
If you were hanging out on Twitter over the weekend, you may have seen the hashtags #TakeWallStreet or #Occupywallstreet pop up in your feed. Did that mean that friends were encouraging you to take the J line all the way to Chambers for some reason? That we should all go back to school and get our MFAs in business/finance, like our mothers have been collectively telling us to for years now? Read More
Last Wednesday, inside a wood-paneled courtroom with gold taffeta curtains and wall-to-wall carpet patterned with federal seals, Raj Rajaratnam, billionaire founder of the Galleon hedge fund, stared at a far-off point in space. The man at the center of the government’s biggest insider-trading case ever, flanked by five of his attorneys and free on $100 Read More
Pliers! Hard drives! Midnight dumping! North Face jackets! Electronic evidence of the destruction of electronic evidence! As most of New York ate up the more cinematic details of the latest chapter in the federal government’s insider trading probe, more than a few interested parties in the hedge fund corridor from Wall Street to Stamford were Read More
The worse the economy gets, the more Peter Schiff gets to be on televison–or at least that is how it was until recently. Mr. Schiff, CEO of Euro Pacific Capital, was one of the notorious market pessimists (or, in his opinion, realists) who forecast the collapse of the housing bubble before it happened. From 2004 Read More
